Wall Street: Tuesday Morning

• About 10 of the 19 largest banks that have undergone "stress tests" will be notified by Washington that they need to raise more capital. [WSJ, BN]
• JPMorgan Chase chief Jamie Dimon isn't expecting to be one of the 10: He said he thinks "there are still too many banks in the United States," and will happily acquire some of the institutions that can't survive on their own. [WSJ]
• UBS announced a first-quarter loss of $1.8 billion as the bank took more writedowns on risky investments and client withdrawals continued. [Reuters]

• The S&P 500 has recovered all of its losses for 2009, a sign that either the worst is over or some people are still living in a dreamland. [NYT]
• Citigroup is looking at new ways to compensate employees now that it has to abide by limits on executive pay and doesn't have a chance in hell of ever returning the bailout money it has received to date. [Reuters]
• Wall Street will emerge from the crisis looking "much the same as before markets collapsed," says mega-lawyer H. Rodgin Cohen. That's probably good or bad news depending on whether or not you work on Wall Street. [BN]
• Federal Reserve Chairman Ben Bernanke says he thinks the recession is "losing steam," and growth is likely to resume later this year. [WSJ]